Chris Becker

An unsettled risk complex overnight in the absence of economic events but looking through to tonight’s all-important US CPI print and probably just as volatile Presidential debate.

A quiet but generally positive day for Asian share markets which haven’t translated the overnight bounce from Wall Street into anything exciting locally with all eyes on tomorrow night’s US CPI print.

Risk markets bounced back overnight in the absence of further good but not bad enough news following the US jobs print on Friday that saw Wall Street sink nearly 2% across the board.

Asian share markets have all opened and stayed in the red following the soft but not soft enough US unemployment print from Friday night that saw Wall Street slump nearly 2% across the board.

Risk markets did not like the “soft but not too soft” US jobs print on Friday night with their initial reaction flipping into risk-off mode halfway through the session as Wall Street tanked and the USD soared back into strength.

Asian share markets remain uncertain leading up to tonight’s US unemployment print with only local stocks advancing appreciably while currency markets tread water although the USD is starting to soften again.

Again risk markets remain anxious leading up to tonight’s official US NFP print with a preview through the private ADP report and weekly initial jobless claims not settling the nerves despite no surprises.

Asian share markets remain in a sea of caution leading up to tomorrow night’s US unemployment print with only local stocks advancing appreciably while currency markets tread water.

Last night saw some interesting volatiltiy around risk markets with softer US jobs data before tomorrow night’s official US NFP print saw big drops in Treasury yields while stocks vacillated between losses and gains, with Wall Street eventually finishing unsettled and slightly lower.

A sea of red across Asian share markets as they respond to the overnight rout on Wall Street as growth concerns from China and the US through their respective manufacturing PMI surveys combined with bond market volatility is not helping risk markets overall.